The problem
Gareth sells cupcakes. He adds 40% profit to the cost price. He sells the cupcakes for £1.68 each. He wants to increase his profit to 60% of the cost price. How much should he sell each cupcake for?
Gareth sells cupcakes. He adds 40 percent profit to the cost price. He sells the cupcakes for £1.68 each. He wants to increase his profit to 60 percent of the cost price. How much should he sell each cupcake for
Unit 4.4 Percentages
The solution
40% profit = 1.4
=> original x 1.4 = 1.68
=> original
Cost price = 1.2
=> 60% = 1.6
=> 1.2 x 1.6 = £1.92
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The solution
40% profit = 1.4
=> original x 1.4 = 1.68
=> original
Cost price = 1.2
=> 60% = 1.6
=> 1.2 x 1.6 = £1.92
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